Introduction

Hesafin is a mobile application that modernizes how community savings groups (VICOBA/VSLA) operate in Burundi. Developed by BX Smart Labs in collaboration with UNICEF Burundi, Hesafin transforms traditional paper-based group savings management into a secure, blockchain-enabled digital solution.

Overview

Hesafin empowers solidarity groups to manage their financial activities through a single smartphone operated by a designated council member. By leveraging blockchain technology, the application ensures data reliability and creates verifiable financial histories for both individual members and groups.

Key Features

• Digital Record Keeping: Replace traditional paper-based systems with secure digital records

• Financial History Building: Create reliable credit histories for members and groups

• Blockchain Integration: Ensure immutable and transparent transaction records

• Single Device Solution: Operate entire group activities through one smartphone

• Council Member Management: Designated administrators handle group transactions

Impact

Hesafin bridges the gap between informal savings groups and formal financial institutions. By maintaining reliable, blockchain-verified financial records, members and groups can use their transaction history as credit history when seeking larger loans from financial institutions. This creates a pathway for financial inclusion and economic empowerment for communities.